Evolution of Management Career Program in India- A Report

Evolution of Management Career Program in India- A Report

The concept of management studies is not an old fashion at all in India. Even before a decade or two, only conventional streams and courses were in vogue. Students used to have a predetermined frame work of graduation, postgraduate courses and research projects to consider under the supervision of government sponsored universities.

Now things have changed a lot. There is an upcoming surge of professional courses and job oriented study format in our so-called traditional education system. Let us welcome it with a big heart.

Today once you pass higher secondary exam (10+ 2) (Science, Arts Commerce whatever be the stream you have) a bunch of technical and professional training course are being offered to you. It is all your choice and the current market demand that helps you decide the best line to move on. A management study is one among those higher education ventures that conforms to industry standard. Better to say, it takes you to the Global standard, prepare you to get into the top of the success ladder and groom yourself in competitive business arena.

How did the concept of management studies originate?

Open business environment is the leading cause:

After globalization, modern business system in India has flourished enough. MNCs (Multi National Companies) started launching their new business units here. Foreign investors and institutions have shown confidence on the consumer's buying potentials. Recent input of FDI and FII has made business opportunity more lucrative for Indians. Country-base private organizations too have realized the need for growth and accordingly expanded their market place.

Why did general studies have taken a seat back:

All these complex and complicated business processes need have strategic view points and high management efficacies. Earlier it was the job of board of directors and CEO, CFO, CTO or the proprietor of the companies. But with broad company base and its operational difficulties, the companies realized the need of management professional both in executive as well as managerial level. The objective was not just to increase manpower, but recruiting skilled people who have undergone rigorous training during their mba courses.

Now one may think- why can't a general science graduate or a commerce postgraduate take up the assignments and perform the same challenging job? Are they not capable enough to do it successfully?

It is time to change, to be flexible and innovative:

Of, course they can. But many a times they remain unsuccessful too. If you don't get industry training and habituated with market pulse during your educational days, how will you cope up with tough stages? Just basic theoretical learning of the employees won't help companies face day to day challenges and varieties of external issues. There are no written tips on how to counter attack adverse business situation? How to take important business decision? How to forecast business future and make a strategic plan? How to manage financial resources, how to market and promote products, how to integrate Information technology system? Will you find all these ever changing techniques noted in your general text books? It is not possible to be frank.

On the contrary, candidates having management degrees (along with practical workshops experience) have proven their skills in managing tough situations, handling company resources and are equipped with multitasking abilities. This is the very genuine reason why management studies have got so importance in India as well as in abroad.

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